Tag Archives: Coronavirus (COVID-19)

Andrew Yang – an American entrepreneur, politician, and founder of the newly launched Forward Party – said he wants his organization to represent the US crypto community. In Attempt to Solve America’s Financial Problems “Not right. Not left. Forward.” That is the slogan of the new political party in the United Stated – The Forward Party. According to its pro-crypto founder – Andrew Yang – the digital asset industry is also headed in that direction. Yang – best known for being...

The Tourism Authority of Thailand (TAT) plans to create a utility token called the TAT coin. To implement it in the country’s financial network, though, the state agency would need approval from the related organizations. Crypto Can Bring Back Tourists to Thailand According to a recent report by Bangkok Post, the Tourism Authority of Thailand aims to attract cryptocurrency owners to the country by launching its own utility token. Named after the entity, the TAT coin would...

The Australian entrepreneur Fred Schebesta said he would give away $5 worth of bitcoin to locals who have had a COVID-19 vaccine and those who will get it in the future. Considering Australia’s population, he would have to distribute $104 million (around 75 million USD) if everyone takes advantage of the offer. ‘Get Vaxxed Baby, And Get Your Bitcoin’ Fred Schebesta – the co-founder of the financial comparison website Finder – revealed his plans to hand over $5 worth of...

The Italian authorities shut down 32 Telegram groups that offered fake COVID-19 passes to thousands of people. The criminals preferred cryptocurrency payments for the illegal service. Cryptocurrencies in Exchange for a Green Pass According to a recent report by Reuters, the Italian police halted the operation of several groups on the online messaging application Telegram. There, scammers offered fake COVID-19 health passes to people who wanted to bypass the law and get the...

Vasant Prabhu – Chief Financial Officer of the company – opined that crypto-related transactions using Visa are beginning to dwindle. The top executive informed that their peak was in April and May, followed by a drop starting from June. Cryptocurrency Transactions with Visa Are Calming Down The American multinational financial services corporation – Visa Inc. – recently announced its results for fiscal Q3 2021. According to the report, the company’s last three months were...

Coinfirm revealed that some users on the notorious Darkweb have been selling falsified vaccine certificates for COVID-19 and stolen doses of vaccines in exchange for a variety of cryptocurrencies. Per the report, one can buy 10 shots of the AstraZeneca product for $250 or its crypto equivalent. BTC in Exchange for a Coronavirus Shot Criminals see the anonymous nature of the Darkweb as an attractive marketplace where they can execute a variety of illegal deals. The blockchain...

Some of the attendees of the Bitcoin 2021 conference that took place in Miami a week back have tested positive for COVID-19. Somewhat expectedly, traditional media was quick to outline the lack of responsibility on behalf of both organizers and attendees. Positive COVID Tests Following Miami Conference Bitcoin 2021, which turned out to be the biggest event centered around the primary cryptocurrency to ever be organized, took place in Miami at the beginning of June. It saw...

A new rule under the hat of the COVID-19 relief bill will see 39 million US households receive up to $3,600 monthly starting from mid-July. Given the history between BTC’s price appreciation since the first-ever stimulus bill, the narrative rises now if this latest endeavor will push bitcoin higher again. 39M American Families to Receive up to $3.6K Per Month The COVID-19 pandemic pushed the US government (and many others) to undertake extreme measures to help alleviate the...

The COVID-19 pandemic changed people’s beliefs and approach to finances as they are more openly embracing digital options, including cryptocurrency payments. A MasterCard survey showed these results as 4 out of 10 people said they plan to use digital assets in the next year. 40% of People to Use Crypto? It’s safe to say that the COVID-19 pandemic changed everyday lives. Apart from affecting people’s health severely, the coronavirus challenged their perspectives on finances....

A few months after questioning bitcoin’s store of value status, Tom Jessop, the head of Fidelity Digital Assets, stated that BTC and the entire industry are at a “tipping point” in terms of maturation and global adoption. He breached the COVID-19 pandemic and the “ultralow” interest rates as the most significant reasons behind crypto’s rise. Tipping Point for Bitcoin Adoption Fidelity Investments has been among the most receptive institutions when it comes down to the...